Stock market volatility seems to be on the upswing. That's the time to find anchors for your portfolio, and dividend-paying utility stocks are perfect candidates. These three old, tested, and dividend-paying utilities could be good options right now.
When it comes to the utility industry, the excitement is in the renewable-power space. Solar players such as SolarCity (NASDAQ: SCTY) and SunPower (NASDAQ: SPWR) have seen their share prices skyrocket, while old stalwarts such as Duke Energy (NYSE: DUK), Southern Company (NYSE: SO), and Consolidated Edison (NYSE: ED) look as if they're crawling through molasses.